GBP/HUF

- HUF (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPHUF
ISIN:

GBP/HUF - Daily - Technical analysis published on 01/31/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 446.48 HUF

My targets

441.79 HUF (-2.15)

430.72 HUF (-13.22)

My analysis

The bearish trend is currently very strong for GBP/HUF. As long as the price remains below the resistance at 446.48 HUF, you could try to take advantage of the bearish rally. The first bearish objective is located at 441.79 HUF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 430.72 HUF as an objective. Crossing it would then enable sellers to target 405.02 HUF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/HUF rating is 443.94 HUF. On the day, this instrument lost -0.03% and was traded between 441.88 HUF and 445.59 HUF over the period. The price is currently at +0.47% from its lowest and -0.37% from its highest.

441.88

445.59

443.94

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/HUF in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	405.02	430.72	441.79	443.94	446.48	466.65	475.22
Change (%)	-8.77%	-2.98%	-0.48%	-	+0.57%	+5.12%	+7.05%
Change	-38.92	-13.22	-2.15	-	+2.54	+22.71	+31.28
Level	Intermediate	Intermediate	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	438.11	440.42	442.26	444.57	446.41	448.72	450.56
Camarilla	442.95	443.33	443.71	444.09	444.47	444.85	445.23
Woodie	437.87	440.30	442.02	444.45	446.17	448.60	450.32
Fibonacci	440.42	442.01	442.99	444.57	446.16	447.14	448.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	425.15	431.83	438.64	445.32	452.13	458.81	465.62
Camarilla	441.74	442.98	444.21	445.45	446.69	447.92	449.16
Woodie	425.22	431.86	438.71	445.35	452.20	458.84	465.69
Fibonacci	431.83	436.98	440.17	445.32	450.47	453.66	458.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	396.75	423.06	437.13	463.44	477.51	503.82	517.89
Camarilla	440.11	443.81	447.51	451.21	454.91	458.61	462.32
Woodie	390.64	420.00	431.02	460.38	471.40	500.76	511.78
Fibonacci	423.06	438.48	448.01	463.44	478.86	488.39	503.82

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.87
MACD (12,26,9):	-4.0900
Directional Movement:	-8.05
AROON (14):	-28.57
DEMA (21):	442.51
Parabolic SAR (0,02-0,02-0,2):	451.10
Elder Ray (13):	-2.44
Super Trend (3,10):	456.46
Zig ZAG (10):	444.00
VORTEX (21):	0.9100
Stochastique (14,3,5):	39.96
TEMA (21):	442.48
Williams %R (14):	-63.53
Chande Momentum Oscillator (20):	-3.90
Repulse (5,40,3):	0.0500
ROCnROLL:	2
TRIX (15,9):	-0.1400
Courbe Coppock:	2.44

MA7:	443.79
MA20:	447.64
MA50:	459.81
MA100:	465.58
MAexp7:	444.54
MAexp20:	448.21
MAexp50:	455.74
MAexp100:	460.93
Price / MA7:	+0.03%
Price / MA20:	-0.83%
Price / MA50:	-3.45%
Price / MA100:	-4.65%
Price / MAexp7:	-0.13%
Price / MAexp20:	-0.95%
Price / MAexp50:	-2.59%
Price / MAexp100:	-3.69%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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